Details of the above items and reconciliations of the Non-GAAP measurements to the corresponding GAAP measurements can be found at the company’s website at www.motorolasolutions.com/investor.
Business Risks
This press release contains "forward-looking statements" within the
meaning of applicable federal securities law. These statements are made
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995 and generally include words such as
“believes,” “expects,” “intends,” “anticipates,” “estimates” and similar
expressions. We can give no assurance that any actual or future results
or events discussed in these statements will be achieved. Any
forward-looking statements represent our views only as of today and
should not be relied upon as representing our views as of any subsequent
date. Readers are cautioned that such forward-looking statements are
subject to a variety of risks and uncertainties that could cause our
actual results to differ materially from the statements contained in
this release. Such forward-looking statements include, but are not
limited to, Motorola Solutions’ expected results for the first
quarter of 2014 and financial outlook for the full year of 2014,
statements regarding the proposed transaction to sell the Enterprise
business to Zebra technologies, and the return of capital to
shareholders. Motorola Solutions cautions the reader that the risk
factors below, as well as those on pages 10 through 21 in Item 1A of
Motorola Solutions, Inc.'s 2013 Annual Report on Form 10-K and in its
other SEC filings available for free on the SEC’s website at
www.sec.gov
and on Motorola Solutions’ website at
www.motorolasolutions.com,
could cause Motorola Solutions’ actual results to differ materially from
those estimated or predicted in the forward-looking statements. Many of
these risks and uncertainties cannot be controlled by Motorola Solutions
and factors that may impact forward-looking statements include, but are
not limited to: (1) the satisfaction of the conditions to closing
(including receipt of regulatory approvals) of the transaction to sell
the Enterprise business to Zebra Technologies; (2) the expected timeline
for completing such transaction; (3) the ability of Motorola Solutions
to return proceeds of the transaction to its shareholders and the timing
thereof; (4) the economic outlook for the government and enterprise
communications industries; (5) the level of demand for the company's
products, particularly if businesses and governments defer or cancel
purchases in response to tighter credit or as a result of the pending
transaction to sell the Enterprise business to Zebra Technologies; (6)
the company's ability to introduce new products and technologies in a
timely manner; (7) negative impact on the company's business from global
economic conditions, including sequestration in the United States, which
may include: (i) continued deferment or cancellation of purchase orders
by customers; (ii) the inability of customers to obtain financing for
purchases of the company's products; (iii) increased demand to provide
vendor financing to customers; (iv) increased financial pressures on
third-party dealers, distributors and retailers; (v) the viability of
the company's suppliers that may no longer have access to necessary
financing; (vi) counterparty failures negatively impacting the company’s
financial position; (vii) changes in the value of investments held by
the company's pension plan and other defined benefit plans, which could
impact future required or voluntary pension contributions; and (viii)
the company’s ability to access the capital markets on acceptable terms
and conditions; (8) the impact of foreign currency fluctuations on the
company when competing for business in foreign markets; (9) the outcome
of currently ongoing and future tax matters; (10) the company's ability
to purchase sufficient materials, parts and components to meet customer
demand, particularly in light of global economic conditions; (11) risks
related to dependence on certain key suppliers, subcontractors,
third-party distributors and other representatives; (12) the impact on
the company's performance and financial results from strategic
acquisitions or divestitures, including the sale of the Enterprise
business and those that may occur in the future; (13) risks related to
the company's manufacturing and business operations in foreign
countries; (14) the creditworthiness of the company's customers and
distributors, particularly purchasers of large infrastructure systems;
(15) exposure under large systems and managed services contracts,
including risks related to the fact that certain customers require that
the company build, own and operate their systems, often over a
multi-year period; (16) the ownership of certain logos, trademarks,
trade names and service marks including “MOTOROLA” by Motorola Mobility
Holdings, Inc.; (17) variability in income received from licensing the
company's intellectual property to others, as well as expenses incurred
when the company licenses intellectual property from others; (18)
unexpected liabilities or expenses, including unfavorable outcomes to
any pending or future litigation or regulatory or similar proceedings;
(19) the impact of the percentage of cash and cash equivalents held
outside of the United States; (20) the ability of the company to pay
future dividends due to possible adverse market conditions or adverse
impacts on the company’s cash flow; (21) the ability of the company to
repurchase shares under its repurchase program due to possible adverse
market conditions or adverse impacts on the company’s cash flow; (22)
the impact of changes in governmental policies, laws or regulations;
(23) negative consequences from the company's outsourcing of various
activities, including certain business operations, information
technology and administrative functions; and (24) the impact of our
multi-year phased upgrade and consolidation of our enterprise resource
planning systems into a single global platform. Motorola Solutions
undertakes no obligation to publicly update any forward-looking
statement or risk factor, whether as a result of new information, future
events or otherwise.